Technology - 2010 retrospective: Software houses moving forward steadily
This year, most of the key players in technology were pleased with steady progress, keeping close to existing clients in a tough economic environment for brokers, writes Andrew Tjaardstra.
Much of the talk over the last few years has been of mergers and acquisitions in both the broker and software markets. Yet with Open GI bought by Towergate and SSP, which bought firms now owned by private equity house Hellman & Friedman, and Acturis gaining a minority private equity backer, it appears that the days of high growth down this route in the software market are on hold. Instead, the main five players are trying to win business in a relatively static broker market.
Similarly, there
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